Summary
Mount Vernon continues to pay out millions annually in tax certiorari settlements because the city has not performed a property revaluation in over 60 years, leading to devalued land and rising tax rates.
At a glance
- Total mentions
- 3
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Oct 20, 2026.
Impact analysis
Approximately $2 million annually in certiorari payouts and depressed land valuations.
Commercial and residential property owners challenging assessments.
General taxpayers bear the burden of increasing tax rates and annual payouts.
Mentions & discussions (4)
Board of Estimate & Contract (Regular) - Oct 20, 2026
Mount Vernon continues to pay out millions annually in tax certiorari settlements because the city has not performed a property revaluation in over 60 years, leading to devalued land and rising tax rates.
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Board of Estimate & Contract (Regular) - Apr 28, 2026
The board approved over $73,000 in personal injury, property damage, and civil rights settlements, alongside more than $150,000 in property tax certiorari settlements.
Board of Estimate & Contract (Regular) - Mar 31, 2026
The board discussed the continuing financial strain of property tax settlements and the long-term need for a citywide property revaluation.
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